Funding found for Pakistan highway revamp

Financing has been found for a major highway upgrade project for Pakistan. The Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate ec
July 8, 2014 Read time: 1 min
Financing has been found for a major highway upgrade project for Pakistan. The 943 Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate economic growth and reduce poverty in the Balochistan area.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • India spending on improving safety of roads
    January 14, 2016
    The Indian Government is looking to upgrade its road links and also improve the condition of many road links right across the country, with a view to improving safety, as well as transportation. A series of infrastructure plans are being implemented, aimed at improving road conditions in the country. India’s Ministry for Road Transport and Highways is keen to improve road safety and reduce the fatality rate in the country. The Indian Government is establishing a Road Safety Authority that is being charged
    Read More
  • Kazakhstan ring road moving forward
    June 29, 2015
    Plans are progressing in Kazakhstan for the project to construct the Big Almaty Ring Road. A number of investors are involved in financing the project and are planning to invest US$1.2 billion in the ring road. The contract will include construction and operation of the project. Strong interest has been shown in the project by the EBRD, the Asian Development Bank, IFC, and the Islamic Development Bank. Meanwhile according to Kazakhstan's Committee of Roads, the economic effect of the Western Europe-Western
    Read More
  • Plan for bridges in India’s Madhya Pradesh State
    September 27, 2018
    A loan facility worth US$175 million will help pay for upgrade works to 350 bridges in India’s Madhya Pradesh State.
    Read More
  • Myanmar expressway project due to commence
    November 16, 2020
    A major Myanmar expressway project is due to commence.
    Read More

Highlighted Content